BBSI
Barrett Business Services, Inc.36.90
+0.68+1.88%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
947.94MP/E (TTM)
17.74Basic EPS (TTM)
2.08Dividend Yield
0.01%Recent Filings
8-K
BBSI Q3 revenues up 8%
Barrett Business Services reported Q3 2025 revenues of $318.9 million, up 8% year-over-year, with gross billings rising 9% to $2.32 billion on 6% average WSE growth. Net income climbed to $20.6 million, or $0.79 per diluted share, while workers' compensation costs dipped to 2.2% of gross billings. The board declared a $0.08 quarterly dividend, payable December 5, and repurchased $7.5 million in stock under a $100 million program. BBSI eyes 8.5%-9.5% gross billings growth for 2025. Solid execution amid caution.
10-Q
Q2 FY2025 results
Barrett Business Services posted solid Q2 momentum, with revenues climbing 10.0% year-over-year to $307.7 million, driven by an 11.7% surge in professional employer services amid 8.0% average worksite employee growth, while staffing dipped 11.5%. Gross margin held at 23.8% despite higher payroll taxes and benefits from expanded client programs, yielding operating income up 12.9% to $23.0 million and diluted EPS of $0.70, a 12.9% gain. Cash and equivalents stood at $26.3 million with $50 million revolver fully available, no debt outstanding, and free cash flow not disclosed in the 10-Q. Share repurchases totaled $17.3 million YTD. Yet IRS scrutiny over employee retention tax credits poses a lingering tax risk.
8-K
BBSI Q2 revenues up 10%
Barrett Business Services boosted Q2 revenues 10% to $307.7 million, with gross billings hitting $2.23 billion and net income rising to $18.5 million, or $0.70 per share, fueled by 8% growth in average worksite employees from new clients despite cautious hiring. The board declared a $0.08 quarterly dividend payable September 5 and launched a fresh $100 million stock repurchase program over two years, replacing the prior one after buying 1.9 million shares. BBSI upped 2025 guidance to 9-10% gross billings growth. Solid execution shines through macro headwinds.
8-K
Annual meeting outcomes approved
Barrett Business Services stockholders convened their annual meeting on June 2, 2025, electing nine directors—Thomas J. Carley, Joseph S. Clabby, and others—for one-year terms with strong majorities exceeding 90% approval in most cases. They also endorsed executive compensation for 2024 via advisory vote and ratified Deloitte & Touche as auditors for 2025. All proposals passed decisively. Governance continuity holds firm.
8-K
BBSI names new board chairman
Barrett Business Services, Inc. appointed Joseph S. Clabby as Chairman of the Board effective June 2, 2025, succeeding Anthony Meeker, who remains a director after serving since 1993. Clabby, a board member since September 2022 and Vice Chairman since December 2024, brings over two decades of senior executive experience from ACE Limited and Chubb. This leadership shift honors Meeker's foundational contributions while positioning Clabby to steer BBSI's growth. The Vice Chairman role stays vacant.
IPO
Website
Employees
Sector
Industry
ATLN
Atlantic International Corp.
1.48-0.03
BBDC
Barings BDC, Inc.
8.96+0.01
BBUC
Brookfield Business Corporation
35.86+0.23
BGSF
BGSF, Inc.
4.41+0.01
FBIZ
First Business Financial Servic
57.50-0.41
GXXM
GEX Management, Inc.
0.00+0.00
HQI
HireQuest, Inc.
7.70-0.07
KELYA
Kelly Services, Inc.
8.90-0.08
NSP
Insperity, Inc.
38.88+0.66
TBI
TrueBlue, Inc.
4.83+0.03